IndoStar Capital Finance Limited IPO (IndoStar Capital Finance IPO) Detail

May 9, 2018 - May 11, 2018

Incorporated in 2009, Mumbai based IndoStar Capital Finance Limited is a leading non-banking finance company (NBFC) registered with the Reserve Bank of India as a systemically important non-deposit taking company. The company operates four principal lines of business, namely corporate lending, SME lending, vehicle financing and housing financing. It recently expanded its portfolio to offer vehicle finance and housing finance products.

IndoStar conducts its retail operations through ten branches across Mumbai, Delhi, Chennai, Bengaluru, Hyderabad, Jaipur, Surat, Ahmedabad, Pune and Indore and central support office in Mumbai.

The lenders of the company include, among others, 14 public sector banks, 13 private sector banks, 21 mutual funds and four insurance companies and other financial institutions. The distribution network includes approximately 210 personnel in its in-house sales team, and approximately 648 third-party direct sales associates (DSAs) and other third-party intermediaries.

Strengths-
1. Strong SME lending businesses
2. A high-quality loan portfolio with low rates of Gross NPAs and Net NPAs.
3. Proven track record of delivering results. Between fiscal 2013 and 2017, the company's Total Credit Exposure and total revenue grew at a CAGR of 30.0% and 31.4%, respectively.
4. Access to best industry practices and international corporate governance standards due to institutional Promoter.

Company Promoters:

The Promoter of the Company is Indostar Capital. The Promoter was incorporated as a private company limited by shares under the laws of Mauritius. The principal activity of Indostar Capital is investment holding. It holds 71,102,635 Equity Shares, representing 90.37% of the issued, subscribed and paid-up equity share capital of the Company.

The board of directors of the Promoter comprises of the following persons:
(1) Alok Oberoi;
(2) Atul Kapur;
(3) Deepak Shahdadpuri;
(4) Lorrance Brooks Entwistle;
(5) Amit Manocha;
(6) Soraj Bissoonauth;
(7) Anisha Poonyth;
(8) Sanjoy Chatterjee; and
(9) Marie Francoise Krin Chin Chung Kee Mew (permanent alternate director to Sanjoy Chatterjee).

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Millions)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 54,853.65 46,922.73 39,916.86 31,608.02 22,070.85
Total Revenue 7,155.42 6,413.79 5,280.56 3,969.05 2,415.77
Profit After Tax 2,090.38 1,910.16 1,490.65 1,121.36 900.94

Objects of the Issue:

The Selling Shareholders will be entitled to the proceeds of the Offer for Sale of their respective portions of the Offered Shares, respectively net of their share of the Offer related expenses. The Company will not receive any proceeds from the Offer for Sale

The Objects Of The Issue is to utilize the Net Proceeds from the Fresh Issue towards augmenting its capital base to meet future capital requirements.

IndoStar Capital Finance IPO Details

IPO Opening DateMay 9, 2018
IPO Closing DateMay 11, 2018
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹570 to ₹572 per equity share
Market Lot26 Shares
Min Order Quantity26 Shares
Listing AtBSE, NSE
Issue Size32,237,762 Eq Shares of ₹10
(aggregating up to ₹1,844.00 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹700.00 Cr)
Offer for Sale20,000,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

IndoStar Capital Finance IPO Tentative Timetable

The IndoStar Capital Finance IPO open date is May 9, 2018, and the close date is May 11, 2018. The issue may list on May 21, 2018.

IPO Open DateMay 9, 2018
IPO Close DateMay 11, 2018
Basis of Allotment DateMay 16, 2018
Initiation of RefundsMay 17, 2018
Credit of Shares to Demat AccountMay 18, 2018
IPO Listing DateMay 21, 2018

IndoStar Capital Finance IPO Lot Size

The IndoStar Capital Finance IPO market lot size is 26 shares. A retail-individual investor can apply for up to 13 lots (338 shares or ₹193,336).

ApplicationLotsSharesAmount (Cut-off)
Minimum126₹14,872
Maximum13338₹193,336

IndoStar Capital Finance IPO Subscription Status (Bidding Detail)

The IndoStar Capital Finance IPO is subscribed 6.65x times on May 11, 2018 16:30. The public issue subscribed 1.17x in the retail category, 16.08x in the QIB category, and 6.91x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

16.08x

NII

6.91x

RII

1.17x

Total

6.65x

IndoStar Capital Finance IPO Prospectus

IndoStar Capital Finance IPO Rating

1106
4.0
Rating:Rated 4.0 stars

Vote Here ...

IndoStar Capital Finance IPO Listing Date

Listing DateMonday, May 21, 2018
BSE Script Code541336
NSE SymbolINDOSTAR
Listing InB Group of Securities
ISININE896L01010
IPO Price₹572 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹572.00
₹600.00
₹578.50
₹606.30
₹585.50
2,688,376
NSE
₹572.00
₹600.00
₹579.10
₹606.80
₹586.10
16,614,188

IndoStar Capital Finance IPO Reviews / Ratings

Company Contact Information

IndoStar Capital Finance Limited
One Indiabulls Center, 20th Floor,
Tower 2A, Jupiter Mills Compound
Senapati Bapat Marg, Mumbai 400 013

Phone: + 91 22 4315 7000
Email: investor.relations@indostarcapital.com
Website: http://www.indostarcapital.com/

IndoStar Capital Finance IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: indostar.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

IndoStar Capital Finance IPO FAQs

  1. What is IndoStar Capital Finance IPO?

    IndoStar Capital Finance IPO is a main-board IPO of 32,237,762 equity shares of the face value of ₹10 aggregating up to ₹1,844.00 Crores. The issue is priced at ₹570 to ₹572 per equity share. The minimum order quantity is 26 Shares.

    The IPO opens on May 9, 2018, and closes on May 11, 2018.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. When IndoStar Capital Finance IPO will open?

    The IndoStar Capital Finance IPO opens on May 9, 2018 and closes on May 11, 2018.

  3. What is the lot size of IndoStar Capital Finance IPO?

    IndoStar Capital Finance IPO lot size is 26 Shares and the minimum order quantity is 26 Shares.

  4. How to apply for IndoStar Capital Finance IPO?

    You can apply in IndoStar Capital Finance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When IndoStar Capital Finance IPO allotment?

    The finalization of Basis of Allotment for IndoStar Capital Finance IPO will be done on May 16, 2018, and the allotted shares will be credited to your demat account by May 18, 2018. Check the IndoStar Capital Finance IPO allotment status.

  6. When is IndoStar Capital Finance IPO listing date?

    The IndoStar Capital Finance IPO listing date is on Monday, May 21, 2018.

IndoStar Capital Finance IPO Message Board

Ranked Members  Ranked Members

Loading...
784. mentor ipo |Jul 23, 2018 13:24
Experts views required for Indo Star - Stay or Sold ???
783. NITIN S. CHANAWALA |Jul 21, 2018 18:44
hold k sale
782. sagar dasa |Jul 21, 2018 00:59
Mutual fund companies started selling shares.. Exit as early as possible.. 3 months TGT is 350
781. kiah |Jul 13, 2018 13:55
What's wrong with indostar making new low
780. Rakesh Brijwasi |Jul 4, 2018 21:52
Friends. What is the future of indostar ipo
780.1. Sdpp |Jul 4, 2018 23:45
Jitna lena ho utna indo star lelo. 1 year Target 1000 jayega conform..
780.2. ipobull |Jul 9, 2018 16:07
It is now consolidating at 520 levels with very limited downside. It shall test your patience, but will rise handsomely within next 4 months.
779. kiah |Jun 28, 2018 19:57
Experts pls reply
Any short term target
778. VIE |Jun 27, 2018 13:26
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@ bayer shah
Few day before i had seen the inverview of s
R shridhar. Co. Is focusing on commercial vechicle lending. Mr shridhar earlier work with shriram fin. Which had expertise in comm. Lending. Further they are more focus on making about each 120 branches profitable. Then make further expansion. Good long term bet.
777. CM Rathi |Jun 26, 2018 22:29
Indostar Capital Finance on 19 June 2018 subscribed 3,50,00,000 equity shares of face value Rs 10 each issued by IndoStar Home Finance, wholly-owned subsidiary of the Company ('IHFPL') on Right Issue basis at par, wherein Rs 5 (Rupees Five only) per equity share aggregating to Rs 17,50,00,000 was paid towards application money and balance amount shall be paid in one or more tranches, as and when calls are made by the Board of Directors of IHFPL.

Source: Business Standard on 19th June
776. kiah |Jun 26, 2018 18:21
Any upper level in short term like 1 month
775. DR. Bayer shah |Jun 26, 2018 16:47
Expert please guide this indostar is making low each day kindly guide hold or sell at this level....made huge mistake.
774. shub mehta |Jun 26, 2018 13:56
Y Indo star go down.
774.2. harit |Jun 26, 2018 15:46
IPO Guru IPO Guru (1700+ Posts, 2900+ Likes)
Something wrong is happening in TOP level
Retail investors got hammered by inside trader or promoters
774.3. Abhishek Mani |Jun 26, 2018 15:52
During the IPO also i had warned investors but still greedy investors applied in it and did not sold it when by chance it listed at premium. Now they are crying.
Following were my comments posted on 11th May in this site,
----------------------------------------------------------------------------------------------------------
It is not expected to list at significant premium. So for guys looking for listing gain its a risky gamble. Many good ipo stocks like ICICI Securities, BSE, Future Supply etc are avaiblable at attractive rate which can be bought instead of gambling in this ipo. Spike in bond yields is fundamentally negative for NBFCs and hence best time of NBFCs seems to be over.
773. harit |Jun 18, 2018 10:54
IPO Guru IPO Guru (1700+ Posts, 2900+ Likes)
Block deal @560 of 305000 share
Strong base made
Keep holding
Some people suggest 990 @2021 fy
40 to 45 ℅ gain in next 2-3 years
773.1. Justaninvestor |Jun 25, 2018 23:58
Management has issued 3,50,00,000 at par to its subsidiary and @572 to public, still hold recommendation. Is there people from management. IPO was of 3,22,00,000+ share. Top class cheat.
772. harit |Jun 14, 2018 17:59
IPO Guru IPO Guru (1700+ Posts, 2900+ Likes)
Hdfc mf has 14 lac share
Absl mf has 7.2 lac share
Of Indostar
771. Dhruviy jain |Jun 11, 2018 20:03
Is this share is good for long term ???
771.1. Justaninvestor |Jun 26, 2018 00:01
Not at all. Management has allotted shares to its subsidiary at par 3,50,00,000 shares whereas sold to public 2,00,00,000 shares at372
771.2. harit |Jun 26, 2018 09:14
IPO Guru IPO Guru (1700+ Posts, 2900+ Likes)
Is there any open offer by Indostar?
770. sunilStockLearner |Jun 9, 2018 17:32
@Anarchist Sir,

OK Sir, I rest my case. Have a nice weekend :)


Thanks,
Sunil
770.1. Anarchist |Jun 9, 2018 17:46
IPO Mentor IPO Mentor (500+ Posts, 1400+ Likes)
Yep! ..You too have a great weekend..
769. sunilStockLearner |Jun 6, 2018 14:01
@Admin,

Just a suggestion, Not want to offend any one.
Can we delete the post related to political discussion, as this forum is for information sharing not going hard or in abusive manner to any person or party.

@Other: Please let me know your suggestion too so that we can improve the forum productivity.

Thanks,
Sunil
769.2. sunilStockLearner |Jun 9, 2018 16:20
@Anarchist Sir,

Exactly but slight difference. Stocks are dependent on policies and not government thought gov. only makes those policies. So we should discuss the policies and not the government. Its not touching about raw nerve of any one, its just the suggestion for improving forum productivity.

You are very senior and knowledgeable person than me and have better understanding. If still you or any other forum wants to discuss about government then its up to them. I have expressed my opinion.

Thanks,
Sunil
769.3. Anarchist |Jun 9, 2018 17:30
IPO Mentor IPO Mentor (500+ Posts, 1400+ Likes)
@. sunilStockLearner

Of course one must talk about the policies...But policies are crafted by the government..no? ..We don't talk about them without talking about the perpetrators...like we don't talk about Hiroshima bombing without talking about Harry Truman...

And I believe seniority in no way can be related to wisdom...I personally know of a senior who could easily win the stupidest living creature contest if they had organised one....
768. amit ghosh |Jun 7, 2018 23:07
Is there any IPO in the month of june ?
768.1. ????????????????????????? |Jun 8, 2018 23:10
IPO Guru IPO Guru (1000+ Posts, 2300+ Likes)
No IPO till June end
767. Umang and his ultrasonic uproar |Jun 1, 2018 23:42
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Nice article which I read, I am sharing with forum friends :::::


The party got over sometime ago and things have gotten pretty weird. The liquidity driven rally post demonetisation in micro/small/midcaps is ending in a pretty dramatic fashion. Lot of reasons were being given for things going up last year from liquidity, momentum, phenomenal earnings growth (in the P/L at least) etc. Experts came on TV channels and gave buy calls by the dozen and everyone ended up looking like Nostradamus.

Now onto the weirdness. The reasons for the carnage again are many and varied. To mention a few offered since Jan '18

LTCG
Mutual Funds rejig due to reclassification
Liquidity!
Crude/Rupee/Interest rates
CFOs/Auditors resigning
Cyclicals peaking
Cooked books
Overvalued IPOs
Loss of momentum
Bad corporate governance.

This is how it has unravelled
1. Vakrangee
2. P. C. Jewel
3. Gitanjali jems
4.Lasa/oscl
5.sintex platics
6.Advanced enzymes
7.Rain ind.
8.Himadri speciality chem
9.Delta corp.
10. Ujjas energy
11. MRSS
12. Sanwaria
13. IMFA
14. DCM shriram
15. Avanti feeds
16. Manpasand breweries
17. Dilip buildcon
18. Vikas ecotech
19. Atlanta
20. L. T foods
21. Kitex
22. Suzlon
23. Inox wind
24. Indocount
25. Emkay global
26. Butterfly gandhimati
27. Rci ind.
28. Allcargo logistics
29. LEEL
30. AND LAST BUT NOT LEAST ALL PHARMA STOCKS.
31. All recently listed SME STOCKS

Micro/Small/Midcaps can be great wealth creators but it cuts both ways so it is very important to learn how not to lose money as well.
One can add more if I had missed any.


767.9. BAJAJ |Jun 8, 2018 19:02
out of the three which sme should Apply
1. Accuracy Shipping Limited
2. Priti International Limited
3. Shree Oswal Seeds & Chemicals Limited
All are come From Pantomath

@umang which ine to apply..
767.10. Umang and his ultrasonic uproar |Jun 9, 2018 12:31
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@BAJAJ,
Don't put any application in any of the three, rather buy any stock from secondary market, which has posted good last quarter result.
You will get stuck in SME. To get listing gain of 10 to 15%, you may end up losing 30 to 40 % of your capital.Sme listing is unpredictable so it is not advisable to apply now, when most of the recently listed SME'S are reduced to 25 to 40 %.
766. Satoshi Nakamoto |Jun 7, 2018 20:58
Time to exit this counter completely. I exited at 601 and 584.
765. NSN AT IPO |Jun 7, 2018 13:16
Glenmark Pharma in ASM list??
765.1. ????????????????????????? |Jun 7, 2018 13:39
IPO Guru IPO Guru (1000+ Posts, 2300+ Likes)
No







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